Upcoming Financings

For additional details on any upcoming financings, please contact AMBBA directly at (907) 465-3750.

Most Recent Financings

In May 2019, the Bond Bank closed on $28.445 million General Obligation Bonds, 2019 Series One (Non-AMT), and $3.71 million General Obligation Bonds, 2019 Series Two (Federally Taxable), under its 2005 General Resolution Program.  The 2019 Series One Bond proceeds were used: (i) to make a new loan to the Fairbanks North Star Borough; (ii) to make a new loan to the City of Homer; (iii) to make a new loan to the Northwest Arctic Borough; (iv) to make two new loans to the City of Dillingham; (v) to make a new loan to the Southeast Alaska Power Agency; and (vi) to pay a portion of the costs of issuing the 2019 Series One Bonds. The 2019 Series Two Bond proceeds were used: (i) to make a new loan to the Fairbanks North Star Borough (taxable portion); and (ii) to pay a portion of the costs of issuing the 2019 Series Two Bonds.  

In November 2018, the Bond Bank closed on $12.07 million of General Obligation Bonds, the 2018 Series One (AMT), under its 2005 General Resolution Program.  The 2018 Series One Bond proceeds were used: (i) to make two new loans to the City and Borough of Sitka; (ii) to pay a portion of the costs of issuing the 2018 Series One Bonds. The loans to Sitka are expected to be used to finance (i) a portion of the costs of capital improvements to Sitka's harbor facilities and to make a deposit to Sitka's borrower reserve account related to the Sitka harbor facilities improvements loan; and (ii) a portion of the costs of capital improvements to Sitka's Rocky Gutierrez Airport and to make a deposit to Sitka's borrower reserve account related to Sitka's airport improvements loan.

In November 2017, the Bond Bank closed on $28.955 million of General Obligation Bonds, the 2017 Series Three, under its 2005 General Resolution Program.  The 2017 Series Three Bond proceeds were used: (i) to make a new loan to the Kenai Peninsula Borough; (ii) to pay a portion of the costs of issuing the 2017 Series Three Bonds.  The loan to the Kenai Peninsula Borough was used to finance a portion of the costs of capital improvements to the Kenai Peninsula's Central Peninsula Hospital and adjacent facilities and to make a deposit to the Kenai Peninsula Borough's borrower reserve fund.

In April 2017, the Bond Bank closed on $12.795 million General Obligation Bonds, 2017 Series One (Non-AMT), and $31.655 million General Obligation Bonds, 2017 Series Two (AMT), under its 2005 General Resolution Program.  The 2017 Series One Bond proceeds were used: (i) to make two new loans to the Kenai Peninsula Borough; (ii) to make a new loan to the City of Seward; and (iii) to pay a portion of the costs of issuing the 2017 Series One Bonds.  The loans to the Kenai Peninsula Borough were used for the following purposes: (i) to finance a portion of costs of capital improvements to the Kenai Peninsula Borough’s Central Peninsula Landfill; and (ii) to finance a portion of the costs of capital improvements to the Kenai Peninsula Borough’s South Peninsula Hospital and Homer Medical Center.  The loan to the City of Seward is to be used to finance a portion of the costs of road-paving projects in the City of Seward.  The 2017 Two Bond proceeds were used: (i) to make a new loan to the City of Unalaska; (ii) to make a new loan to the City of Whittier; and (iii) to pay a portion of the costs of issuing the 2017 Series Two Bonds.  The loan to the City of Unalaska was used to finance a portion of the costs of capital improvements to the City of Unalaska’s harbor facilities and to make a deposit to the City of Unalaska’s borrower reserve account.  The loan to the City of Whittier is to be used to finance a portion of the costs of capital improvements to the City of Whittier’s harbor facilities and to make a deposit to the City of Whittier’s borrower reserve account.

In March 2017, the Bond Bank closed on $100.715 million Master Resolution General Obligation Bonds, Series 2017A, under its 2016 Master Resolution program.  The Series 2017A Bonds were issued to make a loan to Yukon-Kuskokwim Health Corporation (the “2017A Borrower”): (i) to pay, or to reimburse the 2017A Borrower for the payment of, a portion of the costs of designing, constructing and equipping the expansion of the 2017A Borrower’s hospital and designing, constructing and equipping the 2017A Borrower’s primary care clinic in Bethel, Alaska, known as the Paul John Calricaraq Project (the “2017A Project”); (ii) to make a deposit to the Authority’s 2016 Reserve Fund; (iii) to make a deposit to the Capitalized Interest Subaccount and to pay or provide for the payment of the 2017A Borrower’s Allocable Proportion of Authority Reserve Fund Interest Expense under the 2016 Master Resolution during construction; and (iv) to pay a portion of the costs of issuing the Series 2017A Bonds and costs of issuing the 2017A Borrower Bond.